BTG/USD daily chart, January 03, 2018

Bitcoin Gold DASH and Monero Price Forecast January 3, 2018, Technical Analysis

Bitcoin Gold

Bitcoin Gold rallied slightly during the trading session on Tuesday, reaching towards the $250 handle. That’s an area that will cause a slight amount of resistance, but I think we are more likely to go toward to the upside, perhaps reaching towards the $300 level after that. I think that short-term pullback should be buying opportunities, and I think that given enough time they will attract more buyers. Bitcoin Gold continues to show signs of billing a base, aiming towards the $300 level. If we can break above there, the market should continue to go much higher to the upside, perhaps aiming for the $400 level next, with several stops along the way. If we were to break down from here, perhaps down below the $230 level, then the market goes to the $200 level.

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Bitcoin Gold DASH and Monero Video 03.01.18

BTG/USD daily chart, January 03, 2018
BTG/USD daily chart, January 03, 2018

DASH

DASH rally during the trading session on Tuesday, testing the $1120 level, an area that has been minor resistance. I think that given enough time, the market will go looking towards the top of the recent consolidation area, which is the $1200 level. That is a massive resistance barrier, so breaking above there would be an extraordinarily bullish sign. In the meantime, if we pull back from here I think that there are plenty of support of levels underneath. The $1000 level underneath should be supportive based upon the larger number. I also recognize that there is a certain amount of structural support there as well, so I’m a buyer of dips and I believe that we will continue to see DASH go higher over the longer term.

DASH/USD daily chart, January 03, 2018
DASH/USD daily chart, January 03, 2018

Monero

Monero has had a volatile session, initially falling towards the $320 level, touching the bottom of the Bollinger bands indicator on the hourly chart. We turned around to form a couple of hammers in a row, and have since rallied towards the $360 handle. I think that short-term pullbacks continue to be buying opportunities, and that we should go to the $400 level in the short term. The 20 SMA is starting to turn upwards, which is always a good sign, and I think at this point as volume picks up after the holidays, more buyers will emerge in the Monero markets. Shorting isn’t much of a thought, least not until we break down below the $300 level, something that I don’t see happening today.

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Monero/USD daily Chart, January 03, 2018
Monero/USD daily Chart, January 03, 2018